Welcome to our dedicated page for Ethan Allen Interiors news (Ticker: ETD), a resource for investors and traders seeking the latest updates and insights on Ethan Allen Interiors stock.
Ethan Allen Interiors Inc. (NYSE: ETD) is frequently featured in corporate news for its role as an interior design destination and home furnishings manufacturer and retailer. Company news releases highlight its vertically integrated business model, which spans design, manufacturing, sourcing, logistics and retail through Ethan Allen design centers that provide complimentary interior design services and sell a full range of home furnishings and artisan-crafted accents.
Investors and followers of ETD news can expect regular updates on financial results and earnings, including quarterly and annual performance, cash flow, dividends and commentary from management on operating conditions. The company often announces the scheduled release dates for its fiscal quarter and year-end results, followed by conference calls and webcasts to discuss its financial and operational performance.
Ethan Allen news also covers retail network developments, such as the opening of new design centers in markets like Colorado Springs, Middleton, Toronto, Peoria and Watchung. These announcements describe how new locations showcase Ethan Allen home furnishings and combine complimentary interior design services with technology, including 3D room previews and other digital tools.
Another recurring theme in ETD coverage is recognition and awards. The company has reported being named America’s #1 Premium Furniture Retailer by Newsweek based on consumer surveys, and it has received sustainability-related recognition, including a “High Score” on the Wood Furniture Scorecard for its wood sourcing practices. News items also discuss Ethan Allen’s use of North American manufacturing and its efforts in social and environmental responsibility.
This ETD news page aggregates such updates so readers can review company announcements on earnings, dividends, design center openings, sustainability milestones and other corporate developments in one place.
Ethan Allen has launched an innovative Virtual Design Center, enhancing client interaction with its extensive product portfolio. This immersive experience features 75 room settings and over 2,000 items, allowing clients to collaborate with designers or browse independently. The platform offers 3D views and web AR options for clients to visualize products in their homes. Partnering with BitReel, the initiative underscores Ethan Allen's commitment to fusing technology with personalized service, providing a modern solution to home design needs.
Ethan Allen Interiors reported strong financial results for Q3 2022, with net sales rising 11.7% to $197.7 million and a gross margin of 60.4%. Diluted EPS surged 59% to $0.97. The company maintains a robust balance sheet with $104.6 million in cash and no debt. Despite strong performance, challenges like inflation and supply chain issues were acknowledged. Ethan Allen's Board declared a 10% increase in the quarterly dividend to $0.32 per share, reflecting confidence in long-term growth amidst market uncertainties.
Ethan Allen Interiors Inc. (NYSE:ETD) has announced a 10% increase in its regular quarterly cash dividend, now at $0.32 per share, payable on May 25, 2022. Shareholders on record by May 10, 2022 will receive this dividend. Chairman Farooq Kathwari highlighted the company's strong balance sheet and vertical integration, with 75% of products made in North America, as key factors enabling this return to shareholders. The company is set to release its fiscal 2022 third quarter financial results on April 28, 2022.
Ethan Allen has launched a new Design Center in Walnut Creek, CA, enhancing client experience through collaboration with professional interior designers. This location showcases the company’s extensive product portfolio using advanced 3D technology for realistic previews. The center aims to improve customer service with complimentary design consultations either in-person or virtually. With 75% of products manufactured in North America, Ethan Allen emphasizes value and competitive delivery in challenging market conditions. The Walnut Creek center operates seven days a week, offering personalized service and a wide range of furnishings.
Ethan Allen Interiors Inc. (NYSE: ETD) will release its financial results for Q3 of fiscal 2022 on April 28, 2022, after market close. A conference call for analysts to discuss these results will take place at 5:00 PM ET the same day, accessible via the Company's Investor Relations website. The Company, a leader in interior design and home furnishings, operates ten manufacturing facilities in North America, with approximately 75% of products made or assembled locally. For further details, visit www.ethanallen.com.
Ethan Allen Interiors Inc. (NYSE: ETD) announced the acquisition of assets from Dimension Wood Products, enhancing its vertical integration. This strategic purchase aims to bolster control over raw materials and labor costs while ensuring high-quality standards. Dimension Wood Products, a supplier since 1981, specializes in wood frames and machined parts for upholstery. CEO Farooq Kathwari underscored that this move will strengthen operational capabilities. Ethan Allen operates nine manufacturing facilities across North America, producing approximately 75% of its products domestically.
Ethan Allen has launched its seventh Design Center in Connecticut, located in Westport. The center emphasizes the company's unique American style and includes complimentary interior design services enhanced by 3D digital design tools. Clients can collaborate with professional designers in a high-tech environment, viewing realistic 3D floor plans. According to CEO Farooq Kathwari, the Design Center enables flexibility for clients, supporting virtual appointments, while showcasing Ethan Allen's extensive range of products, 75% of which are made in North America.
Ethan Allen Interiors reported a strong performance for Q2 FY2022, with net sales increasing by 16.4% to $208.1 million. The gross margin rose to 58.8%, and adjusted EPS reached $0.95, marking a 37.7% increase. The company generated $5.7 million in operating cash flow, and ended the quarter with $105.2 million in cash and no debt. Challenges such as supply chain issues and inflation were acknowledged, but Ethan Allen maintained a positive outlook, citing strong demand and strategic pricing. A 16% increase in dividends was also announced.
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